SOUTH EAST QUEENSLAND

FOCUS AREA: BRISBANE - GOLD COAST CORRIDOR

A TRIBECA AREA FACT FILE

02

DISCLAIMER

This Report has been created by The Capital Group (Aust) Pty

Ltd, ABN 58137410845, and commissioned by Tribeca Capital

Pty Limited.

The Parties* making this report available to you give no warranty

nor accept any liability for any decision based wholly or in part

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property described herein.

The Parties believe the statements, information, calculations,

data and graphs contained herein to be correct and not

misleading but give no warranty in relation thereto and expressly

disclaim any liability for any loss or damage which may arise from

any person acting or deciding not to act partly or wholly on the

basis of any such statements, information, recommendations,

calculations, data or graphs as at November 2018.  The facts

in this report are obtained from various sources, government

organisations and private organisations: Australian Bureau of

Statistics, SQM Research, Residex, RP Data, Logan City Council,

City of Gold Coast, G;link, QLD Government – Department of

Transport and Main Roads, QLD Government – QLD Treasury,

QLD Government - South East Queensland Regional Plan, QLD

Government – Department of Infrastructure, Local Government

and Planning.

The information in this publication does not represent financial

advise and should not be regarded as such. This study has

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Tribeca Homes (Vic) Pty Ltd, Tribeca Residential Communities

Pty Ltd, Elliots Pun Pty Ltd, Tribeca Residential Communities No.

1-14 Pty Ltd and The Capital Group Pty Ltd, their customers and

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© COPYRIGHT 2016. PUBLISHED NOVEMBER 2018.ENQUIRIES SHOULD BE ADDRESSED TO THE PUBLISHERS.

SOUTH EAST QUEENSLAND

FOCUS AREA: BRISBANE - GOLD COAST CORRIDOR

Suburb of Interest

STATUS

Gold Coast/Logan Growth Centre

South East Queensland

City Train line

Coolangatta Stn

Robina Town Centre Stn

Coomera Stn

Pimpama Stn

Ormeau Stn

Springwood Stn

Brisbane CBD Stn

SOUTH EAST QUEENSLAND GROWTH CENTREPrecinct Planning - August 2014:

GROWTH CENTRE PLANNING

COOMERA STATION TO BRISBANE CBD IN UNDER ONE HOUR.

FACT

Sunshine Coast

Somerset Moreton Bay

Brisbane

Ipswich

Logan CoomeraPimpama

Gold CoastScenic

Rim

RedlandLockyer Valley

N

TRAIN LINE

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Ormeau

AREA PROFILE:

AREA:

SUBURBS:

SOUTH EAST QUEENSLAND

• COOMERA • PIMPAMA • ORMEAU • CHAMBERS FLAT • LOGAN VILLAGE • SPRINGFIELD • REDBANK PLAINS

This report encompasses the South East Queensland growth precinct of the northern Gold Coast and Logan region. Specifically, the demographic and property data concerns only that of Coomera. Surrounding suburbs include Pimpama, Ormeau, Chambers Flat, Logan Village, Springfield and Redbank Plains.

Ipswich

Surfers Paradise

LOGAN CITY

GOLD COAST

BRISBANE

Coomera

Pimpama

Ormeau

Chambers FlatLogan Village

Spring�eld

Redbank Plains

AREA PROFILE

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INTRODUCTION

Currently home to approximately 912,000 people, the region (Logan LGA & Gold Coast LGA) covers an area of approximately 2,292 square kilometres.

In recent years the region has transitioned from an economic base of tourism and construction to a more diverse, knowledge-based economy valued at $25.2 billion. The region still welcomes close to 12 million visitors each year who spend close to $1.2 billion per annum.

The region is one of the fastest growing regions in Queensland. Both the municipality of Logan and the municipality of the Gold Coast are expected to grow by 200,000 and 300,000 people respectively. Over 130,000 new homes will be required to accommodate this growth in the Gold Coast municipality alone.

SOUTH EAST QUEENSLANDCoomera and the surrounding area.

Some areas within the region are experiencing double-digit growth. Pimpama grew by a rate of 31% in 2016/2017 and Coomera by 10% in 2016/2017, compared with Brisbane’s growth rate of only 1.7%.

A number of significant civil projects and infrastructure projects are currently being planned to manage the forecast increase in population.

The growth region surrounding Coomera is located in the northern part of Queensland’s Gold Coast and the broader Logan City local government area, approximately 30-40 minutes’ drive from the Brisbane CBD and only 15 minutes’ drive to Southport, the major commercial hub of the Gold Coast.

THE REGION IS BECOMING AN INCREASINGLY POPULAR DESTINATION FOR RESIDENTIAL PROPERTY INVESTMENT AND OVER 130,000 NEW HOMES WILL BE REQUIRED TO ACCOMMODATE THIS GROWTH IN THE GOLD COAST MUNICIPALITY ALONE.

FACT

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79%

Household StructureAge Breakdown

Dwelling Breakdown Income

Employment Type

DEMOGRAPHIC OVERVIEW OF COOMERA

Of the suburb consists of families with children and childless couples meaning the overwhelming majority of dwellings are detached housing – refer dwelling breakdown.

DWELLING & INCOME FACTS

(Family income = income of families in family household. Household income = income of occupied private dwellings)

MEDIAN PERSONAL

$746 (AUD$/WEEK)

MEDIAN FAMILY

$1 ,756 (AUD$/WEEK)

MEDIAN HOUSEHOLD

$1 ,711 (AUD$/WEEK)

BY TENURE / LANDLORD BY TYPE

RENTED

OWNWITH MORTGAGE

OTHER

61%

8%

2%

29%71%

3%

26%

SEMI - DETACHED

FLAT, UNIT OR APARTMENT

SEPARATE HOUSE

13%

12%

10%

16%

16%

14%

6%13%

FACT

By tenure/landlord and type – the suburb is dominated by low density detached housing (71% of stock). A large majority (61%) of the housing stock is rented, reflecting a very strong leasing market for investment property.

FACT

Median weekly incomes are slightly higher than greater Brisbane, reflecting the relatively high level (43%) of employment in traditionally white-collar industries.

FACT

MANAGERS

COMMUNITY / PERSONAL SERVICE

PROFESSIONALS

CLERICAL / ADMINISTRATIVE

MACHINERY OPERATORS

TECHNICIANS / TRADE WORKERS

SALES WORKERS

COUPLE WITH CHILDREN

CHILDLESS COUPLE

SINGLE PARENTS

OTHER52.5%

20%

26.5%

1%

28.9%

14.6%15.5%

17.7%

12.2%

6.3%3.6%

1 .1%

0-14YRS

15-24YRS

25-34YRS

35-44YRS

45-54YRS

55-64YRS

65-74YRS

75+YRS

SOURCE: ABS - 2016 CENSUS DATA.

LABOURERS

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LOCAL AMENITIES

SURROUNDING INFRASTRUCTUREExcellent Local Amenities

The South East Queensland growth corridor already enjoys excellent access to public transport, major arterial roads and freeways as well as a wealth of local education, healthcare and retail amenity.

SEQ RAIL LINE The South East Queensland rail line connects the precinct to employment opportunities in the Brisbane CBD and Southern Brisbane fringe suburbs. Commuters can transit from Coomera Station to Roma Street Station, in the Brisbane CBD in approximately one hour.

PARKLANDS AND RECREATIONAL FACILITIES Residents not only enjoy access to 57 kilometres of pristine coastline, a large number of parklands and sporting facilities but also a number of major national recreational attractions, including Dreamworld and Movieworld and the world class golf courses of Sanctuary Cove and Hope Island.

Home of the Arts (HOTA) on the Gold Coast hosts musical events, theatre, dance, comedy, opera, cabaret and kids shows. In addition to the arts centre, a Gallery positioned to become a cultural attraction in the region is currently under construction.This international-standard art gallery will comprise of 3000m2 of exhibition space over six levels, retail space and a dining area, due to open in 2021.

GOLD COAST LIGHT RAIL The Gold Coast light rail (G:link) opened in 2014 and the initial stage connected 16 light rail stations along a 13 kilometre route from Broadbeach to Gold Coast University Hospital. The recently completed stage 2, extends another 7.3km to Helensvale with 3 new stations constructed.

RETAIL AMENITY The area is serviced by major regional shopping precincts such as Australia Fair, Pacific Fair, Harbour Town, Westfield Helensvale and the brand new Westfield Coomera. A number of smaller satellite precincts including Pimpama City, Pimpama Junction and Coomera Square also service the area.

EDUCATIONAL AND HEALTHCARE AMENITY

The area is served by over 50 primary schools, over 20 secondary schools and over 20 combined primary/secondary schools as well as three University campuses and a number of local TAFE campuses. Major hospitals include the Gold Coast University Hospital and Logan Hospital.

- 50 PRIMARY SCHOOLS

- 20 SECONDARY SCHOOLS

- 20+ COMBINED SCHOOLS

- 3 UNIVERSITY CAMPUSES

- NUMEROUS TAFE CAMPUSES

- 57KM OF PRISTINE COASTLINE

- 2 WORLD CLASS GOLF COURSES

- DREAMWORLD & MOVIEWORLD

- LIVE ENTERTAINMENT

- PERFORMING ARTS

- 6 LEVEL EXHIBITION GALLERY

A BRAND NEW $470 MILLION WESTFIELD HAS RECENTLY OPENED IN 2018

COMMUTE FROM COOMERA STATION TO ROMA STREET STATION WITHIN AN HOUR

19 LIGHT RAIL STATIONS

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Hospitals

A Gold Coast Light Rail expansion*

B Major road upgrades*

C Logan Hospital Expansion*

D Coomera Town Centre*

E The Star Casino Upgrade*

F Gold Coast Health and

Knowledge Precinct*

G Major activity centres*

H Sport and recreational facilities*

i Griffith University, Gold Coast

ii University of Queensland

iii Southern Cross University

LOCAL AREA MAP

This is a Tribeca Capital Pty Ltd publication. *Indicates future infrastructure.

1 Robina Town Centre

2 Westfield, Helensvale

3 Australia Fair

4 Pimpama Junction

5 Harbour Town

6 Westfield Coomera

KEYUniversities Retail Infrastructure

1 Gold Coast University Hospital

2 Gold Coast Private Hospital

3 Logan Hospital

4 Ipswich Hospital

Universities Retail Infrastructure

KEYR13

N

H

CB

G

2

4

5

1

Moreton BaySomerset

Coomera

Pimpama

Helensvale

Ipswich

Logan Village

Scenic Rim

RedlandLockyer Valley

3

1 3

BRISBANE

GOLD COAST

M1

M2

M1

E

6

Sunshine Coast

Southport

R13

DA

i

ii

Gold Coast Airport

Brisbane Airport

Park Ridge

Surfers Paradise

2

4

iii

F

EMPLOYMENT OPPORTUNITIES

EMPLOYMENT OPPORTUNITIES South East Queensland

The South East Queensland growth corridor benefits from its immediate proximity to both the employment nodes of Brisbane to the North and the Gold Coast to the South. Specifically, a number of major infrastructure projects as well as the Gold Coast Rail Link will provide large employment opportunities for the area.

Logan City currently has 21,000 businesses providing approximately 89,000 jobs. Its population is tipped to grow from 300,000 to 500,000 over the next 20 years.

• 21,000 BUSINESSES• 89,000 JOBS

LOGAN CITY

The 2018 Commonwealth Games created 30,000 full-time equivalent jobs. The Gold Coast Health and Knowledge Precinct has continued in legacy, converting the former Athletics Village into mixed use residential, retail and commercial areas. Supporting 26,000 jobs once complete and $2.9 billion for the economy over the next decade.

• 30,000 JOBS CREATED FROM COMMONWEATH GAMES • A FURTHER 26,000 JOBS CREATED FROM LEGACY PROJECT

GOLD COAST 2018 COMMONWEALTH GAMES

GOLD COAST LIGHT RAIL EXPANSION

NEW GENERATION ROLLINGSTOCK

GOLD COAST CITY

Stage 2 included a $420 million, 7.3 kilometre extension to the Gold Coast Light Rail line and generated 1,000 direct and indirect jobs. Stage 3 will take 3 years to construct and will begin in June 2020. The new expansion will increase employment opportunities throughout the region due to increased accesibility and transportation.

• 1,000 JOBS CREATED DURING CONSTRUCTION• LIMITLESS EMPLOYMENT OPPORTUNITIES AND ECONOMIC GROWTH • STAGE ONE IS COMPLETED • STAGE TWO IS COMPLETED • STAGE THREE IS UNDER PLANNING

The Queensland Government’s New Generation Rollingstock (NGR) project will see a significant increase to the South East Queensland train fleet to meet the growing demand for rail services. In South East Queensland, the NGR project will support:Approximatel 500 full-time jobs including: • 131 positions for the management, design

and commissioning of the NGR trains • 215 positions for construction of the

Wulkuraka Maintenance Centre • 150 ongoing full-time jobs at Wulkuraka

Maintenance Centre • Up to 1,500 indirect jobs.

• 2,000 JOBS CREATED

Over the next 10 years it is expected that that an additional 56,000 people will find employment within the Gold Coast City.

• 56,000+ JOBS FORECAST BY 2036

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PROPERTY STATISTICS FOR COOMERA

Median House Prices

Median Rental Rates Rental Market

$450,000

$350,000

$500,000

$400,000

$550,000

$400,000

$600,000

$480K$510K

$530K$557K

2015 20152016 20162017 20172018 2018

i. Median House Prices

Median House Prices – over the past four years have seen strong levels of growth, averaging a 5.8% increase per annum since 2013.

ii. Capital Growth

Over the past 4 years the median land price had averaged 5.2% per annum compared with 5.7% within the broader Gold Coast LGA. However, Coomera has recently experienced significant level of growth with 9.56% growth experienced in 2018.

i. Vacancy

The suburb currently has a very low vacancy rate (decreased since the last 2 years) of 1.9% reflecting a high demand for housing in the area.

ii. Rental Yields

Currently stand at 4.6% and have averaged at the same rate for the past 10 years, reflecting a return higher than the cash rate and a strong level of historical rental returns for investors.

Capital Growth – Median Land Prices (%)

COOMERA

GOLD COAST LGA

0

5

10

6.22%

-0.86%

5.93%

9.56%

RENTAL MARKET

SOURCE: RESIDEX & SQM RESEARCH

$420

$500

$440

$520

$460

$540

$480

$560

$490 $490$500 $500 $500 $500

2013 2014 2015 2016 2017 2018

MAJOR ROAD UPGRADES

More than $1.5 billion has been allocated by the Australian and Queensland Governments to widen two sections of the M1 Pacific Motorway. This upgrade will reduce travel time and congestion, improve traffic flow and access on and off the motorway in the Gold Coast Region.

Image credits (from top left) Gold Coast light Rail - Goldlinq, GC Highway, Logan Hospital Redevelopment - Metro South Health CGI, Coomera Westfield CGI, (facing page) The Star Casino Upgrade CGI, GC Health & Knowledge Precinct CGI, Yarrabilba, , Commowealth Games.

UPCOMING INFRASTRUCTURE Future Projects

South East Queensland is set to benefit immensely from the extension of the Gold Coast Light Rail set to increase connectivity and tourism projects creating employment opportunities and economic growth.

UPCOMING INFRASTRUCTURE

GOLD COAST LIGHT RAIL EXPANSION

The extension of the Gold Coast Light Rail line was announced in early 2016 and is one of the largest transport infrastructure projects in Australia. Works commenced in April 2016 and the G:link now connects 19 stations along a 20km route, before connecting to the Heavy Rail Train Station at Helensvale. The most recent stage of construction will connect Broadbeach to Coolangatta (via Gold Coast International Airport).

HOSPITAL EXPANSION

There will be a $112.2 million commitment over four years to redevelop Logan, Caboolture and Ipswich Public Hospitals in SEQ. The Logan Hospital Infrastructure Program is set to support new residents moving into the region with 4 new levels, 105 new beds and 48 new treatment spaces. Young families will also benefit with a 1,803m2 expansion to the maternity ward offering new beds and birthing suits. A brand new multi-storey car park is also planned to provide ample parking options.

COOMERA TOWN CENTRE

The new $470 million Westfield Coomera is perfectly position to become the heart of Coomera Town Centre. Recently opened in October 2018, Westfield includes two supermarkets, several major retailers, 120 specialty stores, casual dining and entertainment, a cinema and market-style fresh food precinct. Upon project completion the Coomera Town Centre will include health and lifestyle amenity and 25,000 dwellings.

A

C

B

D

THE STAR GOLD COAST CASINO UPGRADE

Formerly known as Jupiter’s Casino and making great headway on the transformation, the original $850 million masterplan to expand the Broadbeach property has expanded into a mega investment of $2 billion set to boost tourism and jobs in SEQ. A plan to construct 4 additional towers and increase capacity to 3000 hotel rooms is set to make The Star comparable to some of the largest Las Vegas resorts. The project is set for completion in 2022.

MAJOR ACTIVITY CENTRES

A number of major expansion areas have been identified for development in the SEQ Regional Plan including Coomera, Park Ridge, Yarrabilba, Flagstone/Flinders, Springfield and Ripley, which will see the development of a number of new town centres and commercial/industry nodes.

SPORT AND RECREATIONAL FACILITIES

As part of the Commonwealth Games, over $320 million in new sporting infrastructure was developed in the region. Adding 3 new sporting venues to the Gold Coast, 7 upgraded facilities and the new $40 million Coomera Indoor Sports Centre.

E

G H

UPCOMING INFRASTRUCTURE

GOLD COAST HEALTH AND KNOWLEDGE PRECINCT

A $550 million legacy project has begun to convert the former Gold Coast 2018 Commonwealth Games Athletics Village, to mixed use residential, retail and commercial development. Encompassing over $5 billion in world class infrastructure, the recently completed precinct includes the Gold Coast University Hospital, the new Gold Coast Private Hospital and Griffith University, forming 200-hectare high-tech hub. Supporting 26,000 jobs once complete and $2.9 billion for the economy over the next decade.

F